Word: mergers
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Dates: during 1960-1969
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...most large cities, the newspaper trend is toward fewer competitive dailies; mergers are the order of the day. Last week in Chattanooga, Tenn., competition made a comeback. A quasi merger ended, and the city suddenly had two new papers. The morning Times and the afternoon News-Free Press parted after 24 years of joint operation. Once they split, the Times promptly began to publish the afternoon Post, while the Free Press started to put out a Sunday edition...
...merger had never been an especially happy one, even though both papers had expected to gain by joining forces to form a third agency, Chattanooga Publishing, which handled all business operations. Editorial staffs and editorial operations were entirely separate, but everyone was on the payroll of Chattanooga Publishing; expenses and income were split evenly. If the Times got an indirect boost because the Free Press boasted a larger circulation (63,418 to 55,615), the Free Press, on the other hand, accepted no liquor ads, yet shared the Times's earnings from all the liquor advertising in town...
...more a year form U.S. business' most exclusive club. Last week, noting a mutual dependence on that "ever renewable natural resource, the tree," Manhattan's U.S. Plywood Corp. (annual sales: $541,349,000) and Hamilton, Ohio's Champion Papers Inc. ($456,313,000) announced a merger that, with normal growth, should easily create a new member of the club. With stockholders' approval, Champion Papers President and Chairman Karl R. Bendetsen, 58, and U.S. Plywood President Gene C. Brewer, 52, will head the new family tree-to be known as U.S. Plywood-Champion Papers, Inc.-as chairman...
...arguments, whether between nations, companies, or factions within companies. That talent is exactly what Hill, Samuel seems to need. Despite its size and profitability, the company has been split by internal dissension. The trouble began almost as soon as Hill, Samuel was formed 16 months ago by the merger of two distinguished but disparate banking firms: blueblood M. Samuel & Co., and new-blood Philip Hill, Higginson, Erlangers...
...more efficient use of the single printing plant, and by offering advertisers combination rates. The News expects that the savings will be enough to put it in the black. The Herald will get a clear field on Sundays, since the Sunday News has been folded. If the Miami merger succeeds, the big gainer will be the city. The alternative is a one-paper town, which Cox and Knight are trying to avoid. Each publisher feels that Miamians should hear more than one editorial opinion...